Documenting audit decisions and audit evidence audit

Info icon This preview shows pages 22–30. Sign up to view the full content.

View Full Document Right Arrow Icon
Documenting Audit Decisions and Audit Evidence Audit Program Recommended by GAAS Documents decisions Working Papers Documents audit decisions Documents audit evidence obtained
Image of page 22

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Types of Working Papers Working Trial Balance Schedules and Analyses Audit Memoranda and Corroborating Information Adjusting and Reclassifying Entries
Image of page 23
Preparing Working Papers Heading Index Number Cross-Referencing Tick Marks Signatures and Dates
Image of page 24

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Working Paper Example
Image of page 25
Reviewing Working Papers Scope of Work Performed Evidence and Findings Obtained Audit Judgment Exercised Conclusions Reached by the Auditor
Image of page 26

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Working Paper Files Permanent File Current File Ownership and Custody
Image of page 27
Study Break 4. ________ involves selecting entries in the accounting records and inspecting the documentation that served as the basis for the entries. A. Vouching B. Tracing C. Observation D. Inquiry A. Vouching
Image of page 28

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Study Break 5. These decisions involve determining whether the procedures will be performed at an interim date or at fiscal year-end. A. Staffing and Supervision B. Nature of Audit Tests C. Timing of Audit Tests D. Extent of Audit Tests C. Timing of Audit Tests
Image of page 29
Study Break 6. This working paper file contains data that are expected to be useful to the auditor in future engagements with the client. A. Permanent file
Image of page 30
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern